Asia / Oceania
Anhui Conch plans US$400m plant for South Kalimantan
Mar, 19 2012
(Indonesia) -- Chinese cement giant Anhui Conch Cement plans to begin construction of a plant in South Kalimantan later in 2012, with an anticipated investment of US$400m.
"The planned plant in South Kalimantan will be able to produce 2.5Mt/yr," announced Industry Minister MS Hidayat as he met with a business delegation from China's Anhui province at the ministry's office. The output will be used for domestic purposes.
Anhui Conch Cement is currently awaiting the completion of its land acquisition process and a license to be issued by the South Kalimantan administration so that the plant can be built in Tanjung, Tabalong. The plant will be equipped with a cement-grinding plant, a seaport, a 60MW power plant and other supporting infrastructure.
Hidayat added that Anhui Conch Cement is also preparing to acquire land in Manokwari, West Papua, in 2013 for another cement plant that would require US$400m. It is expected to meet cement demands in the surrounding areas.
French construction materials group Saint-Gobain is aiming for €4 billion of acquisitions between 2013 and 2018.
The group, which is primarily focusing on external growth outside of Europe, has carried out €1.3 billion of acquisitions since mid-2010, and in addition to refocusing its activity with the sale of glass division Verallia to Ardagh, the group hopes to generate €800 million of additional savings between 2014 and 2015.
Small and medium acquisitions are to be targeted, with a particular focus on the industrial and housing markets.
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